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At St. Joseph’s University, future risk management professionals tried their hands at developing Insurtech solutions that could lower quotes and make the underwriting process more efficient.
Automation and digitization are the new norms in millennial eyes, and commercial insurance transactions are subject to the same expectations.
A few themes emerged at this year’s Annual Marketplace, including challenging market conditions, the talent gap, and the promise of Insurtech.
Gig workers’ unique insurance needs drive delivery of on-demand coverage.
Insurance can now be turned on or off with the swipe of a smartphone.
With promises to bring insurance into the 21st century, Insuretech firms make headlines. But only some are making a real difference in the way the industry works today.
As insurtech is reconfiguring the way the insurance world works, there is plenty of room for similar efforts on the risk management side.
Insureds and carriers agree that more communication can address common claims complaints.
After months of pilot studies, underwriters will soon go live with Maersk on a commercial distributed-ledger system for marine insurance.
Aon Benfield cites growth opportunities as technology becomes more and more integrated into the industry.
Tech startups and data wizards are claiming to make insurance modern, agile, and friendly. Will they succeed where other tech waves have failed?